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DepartmentApproval: <br />�� <br />REQUEST FOR COUNCIL ACTION <br />ManagerReviewed <br />Date: 12/11/00 <br />Item No.: F-2 <br />Agenda Section <br />Reports and Recommendations <br />Item Description: 2001 Recommended Property Tax Levy and Budget <br />Back r� ound <br />The city staff, under the direction of the Council, has prepared a 200 1 Annual Budget and Property <br />Tax Levy for which the hearing was held on December 4, 2000. On the basis of that hearing and <br />discussion, the proposed Budget and Tax Levy is being presented for final Council approval. <br />Fiscal Summarv <br />The recommended tax levy for 2001 is $6,897,499 an increase of $496,612 or a 7.76% increase as <br />compared to 2000. <br />The levy is based on a total recommended 2001 budget of$37,699,053, an increase of$3,689,803 or <br />a 10.85% over 2000. <br />COUNCIL ACTION REQUESTED <br />Motion approving the budget resolution for 2001 in amount of $37,699,053. <br />Motion approving the tax levy of $6,897,499 for 200 1. <br />Motion approving the resolution for decreasing the 2001 debt levy. <br />